State and federal unemployment taxes on yearly salary


Response to the following problem:

Westway Company pays Suzie Chan $2,200 per week. By the end of week 50, how much did Westway deduct for Suzie's Social Security and Medicare for the year? Assume Social Security is 6.2% on $106,800 and 1.45% for Medicare.

What state and federal unemployment taxes does Westway pay on Suzie's yearly salary? The state unemployment rate is 5.1%. FUTA is .8%.

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Taxation: State and federal unemployment taxes on yearly salary
Reference No:- TGS02082796

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